Title

US vote in African Development Bank

Document Type

Book Section

Abstract

It is now well-established that Party affiliations tends to dictate the level of commitment and consistency of the U.S. policy towards the multilateral development banks (MDB), which provide financial assistance to promote economic and social development to developing countries. The study uses data on the ADB loan window from 2004 to 2011 to analyze whether the U.S. Congress through the House of Representatives and Senate affect how the U.S. vote in the African Development Bank (ADB). The empirical results uncover overwhelming support of the Congress toward ADB funding irrespective of party affiliation. This support is less shaped by ideology but more as a way to accommodate resource-constrained ADB’s efforts to fund socio-economic projects that improve living conditions of the poorest countries in the continent. © 2016 by Nova Science Publishers, Inc. All rights reserved.


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